After a strong correction from $0.358 down to $0.138, with a total loss of 60%, NEM finally found the support at 261.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
Further, XEM/USD broke above the descending channel as well as 200 Moving Average. These are pretty strong signals of a potential end of the corrective wave and continuation of a long-term uptrend.
Upside targets are based on Fibonacci levels applied to the corrective wave after the descending channel breakout. First $0.26, second $0.35 and final and the strongest upside resistance at $0.42 area, that corresponds with two Fibonacci levels.
A move lower than $0.138 would invalidate this forecast and could result in the continuation of the downside correction or a consolidation.
Further, XEM/USD broke above the descending channel as well as 200 Moving Average. These are pretty strong signals of a potential end of the corrective wave and continuation of a long-term uptrend.
Upside targets are based on Fibonacci levels applied to the corrective wave after the descending channel breakout. First $0.26, second $0.35 and final and the strongest upside resistance at $0.42 area, that corresponds with two Fibonacci levels.
A move lower than $0.138 would invalidate this forecast and could result in the continuation of the downside correction or a consolidation.
註釋
Volume increasing, going up...註釋
First target reached交易結束：目標達成
註釋
Resistance broken so more upside potential is there, will try to analyse and see what are the targets註釋
Here is the update on Nem 
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